ExodusPoint Capital Management LP Grows Stock Position in Cactus, Inc. (NYSE:WHD)

ExodusPoint Capital Management LP increased its position in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 106.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 206,181 shares of the company's stock after purchasing an additional 106,233 shares during the quarter. ExodusPoint Capital Management LP owned 0.26% of Cactus worth $12,033,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its stake in Cactus by 74.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 522 shares of the company's stock worth $30,000 after purchasing an additional 223 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Cactus by 165.4% during the 4th quarter. Versant Capital Management Inc now owns 576 shares of the company's stock worth $34,000 after buying an additional 359 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Cactus by 66.9% in the fourth quarter. Jones Financial Companies Lllp now owns 841 shares of the company's stock valued at $49,000 after buying an additional 337 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Cactus in the fourth quarter valued at about $76,000. Finally, AlphaQuest LLC raised its stake in Cactus by 202.5% during the fourth quarter. AlphaQuest LLC now owns 1,706 shares of the company's stock worth $100,000 after acquiring an additional 1,142 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Barclays dropped their target price on Cactus from $61.00 to $54.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $55.00.

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Cactus Stock Performance

Cactus stock traded up $4.08 during mid-day trading on Wednesday, reaching $39.13. 1,790,748 shares of the company's stock were exchanged, compared to its average volume of 757,695. The business's fifty day simple moving average is $50.24 and its 200 day simple moving average is $58.08. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a one year low of $33.80 and a one year high of $70.01. The firm has a market capitalization of $3.11 billion, a PE ratio of 13.88, a P/E/G ratio of 5.13 and a beta of 1.74.

Cactus (NYSE:WHD - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $0.71 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by ($0.01). Cactus had a net margin of 16.57% and a return on equity of 20.24%. The company had revenue of $272.12 million for the quarter, compared to the consensus estimate of $277.59 million. On average, sell-side analysts expect that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Monday, March 3rd. Cactus's payout ratio is presently 18.84%.

Cactus Profile

Cactus, Inc, together with its subsidiaries, designs, manufactures, sells, and leases pressure control and spoolable pipes in the United States, Australia, Canada, the Middle East, and internationally. It operates through two segments, Pressure Control and Spoolable Technologies. The Pressure Control segment designs, manufactures, sells, and rents a range of wellhead and pressure control equipment under the Cactus Wellhead brand name through service centers.